Market Wrap: Bitcoin Hits $40K Again While Ether Volume Is Erupting This Year

With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.

A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.

Bitcoin’s price popped Thursday while options traders take bearish ether October bets.

The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.

Bitcoin briefly dropped below $19,000 on a low-volume day while the ether options market seems to be in decline for now.